Karachi: Chinese Industrialists from Chongqing Federation of Industry and Commerce (CFIC) will invest USD 400 million is several industrial and trade projects in Sindh, a news source quoted the announcement made by the federation representative Zhang Yang. The investment will be made under the China-Pakistan Economic Corridor (CPEC).
Yang made the announcement during a press conference held at Hyderabad Chamber of Commerce and Industry, where the office bearers of HCCI and that of CFIC also signed a memorandum of understanding.
As per the news source, the investment will be made in the real estate, textile, tourism, solid waste disposal, education, steel, municipal, and agriculture sectors.
Related News
November 9, 2018
Islamabad: The development authorities of the twin cities have launched operations against illegal construction in …